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I'm really not trying to be bearish here, but I have to say that back to 2000 levels on a long time frame chart doesn't really register that much...housing is actually still relatively expensive, and will continue to be so, unless wages/incomes rise more dramatically, or housing values fall...

Yep. Long run, anything that distorts true data, let alone completely obscures it, will not be shown favorable treatment by Mr. Market. I do believe Benjamin Graham held it is a basic tenet that Mr. Market detests a lack of clarity above all else.

Thank you for that due diligence you shared and the attachment you provided, rt.

As there was when the markets got wiped out by 50% in 2007. I hear "there's a lot of money on the sidelines" at least 100 times a year by people like Abby Joseph Cohen in trying to perpetually construct the bull equity case.

"There's a lot of money on the sidelines." I love that one.

"how did people get it in their heads that long housing is an investment?" From this major league asshole: Is he now the paid pitchman for Subway $5 footlongs, or something?

I agree 100%. The suspension of M2M for banks and financial institutions represented a massive fraud on U.S. taxpayers, particularly at a time when hundreds of billions (trillions?) of taxpayer dollars were being funneled to these very same institutions, to help them recapitalize their...

It was headline news this morning, even on CNBC (they were speaking on air about how Chinese officials are tempering expectations that Chinese consumers are going to lead the globe out of recession): http://www.bloomberg.com/apps/news?pid=20601087&sid=aWwN_cJHl3mE Chinese Premier Wen...

It was in jest, in case you were carrying water for Landis. Do you think M2M should be reenacted, by the way?

Yes. You have to be a subscriber to access the article, though. It has to do with Congressional hearings that were quite heated, held two and half weeks ago - Linex Legal (subscription) - ‎Aug 4, 2009‎ Bachus (R-AL): Q: Are you concerned of changes to FASB accounting rules...

Go long for Green Shoots now!

440k sales on an annualized rate WITH the 8k first time home buyer tax credit - from an annualized sales rate of 2.1 million in 2007!!! All while loans are starting to get tighter again, unemployment is skyrocketing, wages are falling, government deficit spending is exploding, banks are...

Excellent point. I've said all along that Canadian banks were much better run and transparent than their U.S. or U.K. counterparts, though I was cribbing from the hard work and research of others (obviously).

C'mon, Goldman is an essential and "too big to fail" part of the the new economy... ...so much so that Bernanke made sure to give AIG 180 billion of taxpayer money so AIG could pay Goldman off on life insurace policies...err...I mean credit default swap obligations (that Goldman had...

Green shits! Emerging markets...grrrr...bullish! Now, even China is publicly admitting its own citizens and investors are way too bullish on prospects, going so far as to initiate curbs on all sorts of economic activity. Green Shits!

I can only imagine how much worse it's going to be for banks when they ultimately have to deal with the toxic cesspool of bad assets they have on their books, but haven't yet been forced to deal with, and for which the government is losing the will and ability to help purge them of...

Fundamentals never matter...until they do. Then, they matter more than ever.

By Courtney Schlisserman Aug. 26 (Bloomberg) -- Caterpillar Inc., the world's largest maker of construction equipment, said Aug. 20 that declines in sales of machinery to its retailers accelerated in July. Deere & Co., the world's largest maker of farm equipment, lowered its sales forecast...

Gee, I wonder if Chinese Officials on the inside know something the bulls apparently are too f**king blind or deceptive to see/admit. •China May Impose Curbs on Overcapacity in Steel, Cement, Coal Industries http://www.bloomberg.com/apps/news?pid=20601087&sid=aWwN_cJHl3mE

For all the talk of how incredibly sharp Birinyi is, he is very late to the party, and anyone rushing in to join him on his call certainly assumes much more risk than anyone daring to do so much earlier than his call ever remotely took. The S&P 500 added 14 percent since Westport...